Business
Ellington Financial Closes $150 Million Senior Notes Offering
The Connecticut-based mortgage investment company priced its additional $150M in senior unsecured notes due 2030 at 99.010%, raising proceeds for general corporate purposes.
Canada seeks unique alliance with EU, rules out membership
Prime Minister Mark Carney said Canada wants a distinct partnership with the European Union but will not pursue membership, citing shared values and complementary strengths amid worsening trade ties with the United States.
Amazon pauses flights with 21 Air following fatal crash
Amazon has suspended flights with 21 Air following a fatal crash at Miami International Airport, where five people died. The incident is under investigation by the NTSB.
Oakley Capital posts 6% NAV return in H1 2026
The investment firm reported a GBP 1.29 billion NAV, 6% total return and a 33% discount to NAV, while highlighting AI‑focused fund activity and a strong buy‑back program.
Novartis Agrees to Acquire Full Rights to Sironax Brain Delivery Platform
The Swiss pharmaceutical company will acquire full rights to Sironax's proprietary brain delivery platform in an M&A deal.
OUTsurance posts 18.5% normalised earnings rise, dividend up 22%
South African insurer OUTsurance Group reported ZAR 5.6bn normalised earnings for FY 2026, up 18.5%, driven by strong domestic growth offsetting Australia weakness and Irish losses.
S&P upgrades Bharti Airtel credit rating to BBB+
Standard & Poor's has raised India telecom operator Bharti Airtel’s sovereign-adjacent credit rating to BBB+, reflecting improved fundamentals or outlook.
Trump proposes federal “AI Force” and AI czar, cites potential 25% GDP impact
President Donald Trump announced plans for a federal AI Force and an AI czar, likening the unit to the Space Force and forecasting artificial‑intelligence could contribute up to a quarter of U.S. GDP.
Postfinance Online Banking Shows Zero Balances in Glitch
A display error at Postfinance briefly showed customers their account balances as 0 francs during a two-hour outage on Saturday.
mAbxience and Sandoz Sign Biosimilar Deal for Emicizumab
mAbxience will develop and manufacture an Emicizumab biosimilar at its Spain and Argentina facilities, while Sandoz gains exclusive global marketing rights outside three South American markets.
Glenveagh Raises 2026 Outlook on Record Order Book and Strong Homebuilding Margins
Irish homebuilder lifts full-year EPS guidance after record order book of €1.8bn; homebuilding units expected to exceed 1,700 in 2026.
Genuro Outlines ALS Therapy Timeline and $5 Million Crowdfund at Moody Capital Event
The biotech firm Genuro outlined a path to an ALS treatment, targeting human‑grade drug production by mid‑2027 and possible FDA approval by 2029, while launching a $5 million Regulation CF crowdfunding campaign run by Moody Capital.
THG H1 2026: Revenue up 7.2%, EBITDA doubles despite share fall
THG reported £828.7m in first-half revenue and nearly doubled adjusted EBITDA, though shares fell 6.9% on the results.
Novartis Pauses Eight Clinical Trials of Rap-Cel Over CAR-T Safety Concerns
Novartis halts eight clinical trials of its rap-cel therapy as wider sector concerns around CAR-T cell treatments emerge.
The Boring Company Raises $3 Billion at $23 Billion Valuation
Elon Musk's tunnel-construction startup closes a massive funding round led by UAE investors, tripling its value from 2022.
Swiss Vacancy Rate Drops Below 1% for First Time in 2026
Leerwohnungsziffer fell to 0.93% nationwide, marking a six-year decline and a historic first under 1% threshold.
Rakovina Therapeutics appoints neuro-oncology expert Petra Hamerlik to board
Rakovina Therapeutics has added Prof. Petra Hamerlik, chair of translational neuro-oncology at the University of Manchester, to its board following the company's annual general meeting in Toronto.
Puuilo H1 margins expand as private-label sales surge
Finnish discount retailer reports net sales of €257 million, up 14.2%, with adjusted EBITA margin rising to 19.5% as private-label sales accelerate.
Puuilo Posts Strong H1 Growth as Net Sales Reach EUR 257 Million
The Finnish discount retailer reported H1 net sales of EUR 257 million, up 14.2%, with adjusted EBITA rising 28.2% to EUR 50 million, yet its shares fell on the day.
Ares Management Explores Minority Stake in CIP's €43 Billion Infrastructure Platform
Ares Management is considering a minority investment in Copenhagen Infrastructure Partners, the fund manager behind $49.4 billion in global renewable and infrastructure assets.
THG posts 7.2% revenue rise in H1 2026, shares drop 6.9%
First‑half revenue reached £828.7 million, adjusted EBITDA doubled, but the stock fell nearly 7% after the earnings call.
KKR Surpasses Partners Group as Europe's Largest Evergreen Fund Manager
US-based KKR took the top spot in Q1 with 13.6 billion euros in European domiciled evergreen private-market funds, edging out Swiss rival Partners Group at 13.4 billion euros.
EnQuest eyes BP's North Sea assets in potential acquisition
U.K. producer EnQuest confirms interest in buying BP's North Sea oil and gas business as BP moves to sell the division after six decades of operation.
Fintech Skalar Launches Revenue-Linked Financing for Startup Customer Acquisition
A new fintech firm ties repayment to the actual revenue generated by acquired customers, absorbing shortfalls rather than demanding fixed repayments.
Jaguar Land Rover to cut 4,000 jobs in two-year cost‑saving plan
JLR will eliminate 4,000 roles, about 10% of its global workforce, aiming for £1.7 billion of savings and a lower break‑even volume, while Tata Motors shares rise modestly.